1. Login
Visit the official Biconomy website (www.biconomy.com) using a browser, click [Trade], and select [Futures Trading] to enter the live futures trading page.
Please carefully browse the Biconomy perpetual futures trading page to understand the content of various sections, including: basic futures market information, K-line charts, order book information, depth chart, position and order information, asset information, etc. You can also view futures information, including risk limits, trading rules, index prices, mark prices, funding rate history, and insurance fund status. You can also view order-related information via futures orders.
2. Trading
Biconomy perpetual futures is USDT-M futures. USDT-M futures are perpetual futures where USDT is used as the margin. Users can choose different trading pairs and engage in trading based on their needs.
For fund transfers, if your have insufficient available funds, you can transfer funds from your spot account to your futures account. If there are no funds available in your spot account, you can top-up or trade fiat currency first.
To place an order, fill in the order information on the order panel (including selecting the order type, price, and quantity), then submit the order.
3. Leverage
Biconomy perpetual futures support leverage of up to 200x. The leverage multiplier may vary depending on the futures trading pair. The leverage is determined by the initial margin and maintenance margin levels. These levels determine the minimum funds required for opening and maintaining a position.
*Currently,Can utilize different leverage multipliers for long and short positions. Biconomy also allows users to switch between different margin modes, such as isolated margin mode and cross margin mode.
3.1 How to Adjust the Multiplier
Example: If you currently have a long position with 38x leverage and you want to reduce the risk by hedging, you can adjust the leverage from 38x to 20x. Click the [Long 38X] button and manually adjust the desired leverage ratio to 20x. Finally, click [Confirm] to adjust the leverage of your long position to 20x.
4. Cross Margin Mode
In cross margin mode, the entire account balance is used as margin to support all positions, thus preventing forced liquidation. Under this margin mode, if the net asset value is insufficient to meet the maintenance margin requirement, a forced liquidation will be triggered. If a cross margin position is liquidated, the user will incur losses on all assets in the account, excluding the margin reserved for other isolated margin positions.
5. Isolated Margin Mode
In isolated margin mode, the maximum loss is limited to the initial margin and additional margin used for that specific isolated margin position. If a position undergoes forced liquidation, the user will only lose the margin reserved for the isolated margin position, and the account balance will not be used for additional funds. By isolating the margin for a specific position, you can limit the potential losses to that position, which can be helpful in case your short-term speculative trading strategy fails.
Users have the option to manually add margin to their isolated margin positions, which can help optimize the liquidation price.
*By default, the system operates in isolated margin mode. Clicking the [Cross] button will switch the mode to cross margin mode.
*Currently, Biconomy perpetual futures support switching from isolated margin to cross margin. However, please note that it is currently not possible to switch from cross margin mode to isolated margin mode.
5.1 Adjusting Isolated Positions
Currently, users can use different leverage ratios for long and short positions. They can adjust leverage ratios for any position from cross leverage to isolated leverage.
5.2 How to Switch
Example: If you currently have a long BTC/USDT futures position with 30x leverage, and you want to switch from isolated margin mode to cross margin mode, click [Long Isolated 30X], click [Cross], then click on [Confirm] to complete the switch.
6. Opening Long And Short Positions
6.1 Going Long (Buy)
If a trader predicts that the future market price will rise, they go long by buying a certain quantity of futures. Going long involves buying futures at an appropriate price and waiting for the market price to increase before selling (closing the position) to profit from the price difference. This is similar to spot trading and is often referred to as "buy first, sell later."
6.2 Going Short (Sell)
If a trader predicts that the future market price will decline, they go short by selling a certain quantity of futures. Going short involves selling futures at an appropriate price and waiting for the market price to decrease before buying (closing the position) to profit from the price difference. This is often referred to as "sell first, buy later."
If you have completed these steps, congratulations! At this point, you have traded successfully!
7. Orders
Biconomy Futures offer multiple order types to fully satisfy users' trading needs.
7.1 Limit Order
A limit order allows users to set a specific price at which they want their order to be executed. The order will be filled at the specified price or a more favorable price if available.
When using a limit order, users can also choose the order time-in-force type based on their trading needs. The default option is GTC (Good-Till-Canceled), but there are other options available:
GTC (Good-Till-Canceled): This order remains active until it is fully executed or manually canceled.
IOC (Immediate-Or-Cancel): This order is executed immediately at the specified price or canceled if it cannot be filled completely.
FOK (Fill-Or-Kill): This order must be filled in its entirety immediately or canceled if it cannot be filled completely.
7.2 Market Order
A market order is executed at the best available price in the order book at the time of placing the order. It does not require the user to set a specific price, allowing for quick order execution.
7.3 Stop Order
A stop order is triggered when the selected benchmark price (market price, index price, or mark price) reaches the specified trigger price. Once triggered, the order will be placed at the specified order price (supports limit or market orders).
7.4 Post Only
A post-only order is designed to ensure that the order is placed as a maker order and does not immediately execute in the market. By being a maker, users can enjoy the benefits of receiving trading fees as a liquidity provider when their orders are filled. If the order would otherwise match with existing orders on the order book, it will be immediately canceled.
7.5 TP/SL Order
Biconomy Futures supports setting both [Take Profit] and [Stop Loss] orders simultaneously. For example, when opening a long position on the BTC/USDT contract at a price of 66,181.5 USDT, you can set trigger prices for both [Take Profit] and [Stop Loss] orders.
What are the advantages of using perpetual contracts for investment? Let's take a positive contract as an example:
Suppose traders A and B are participating in BTC trading at the same time, where A uses Biconomy perpetual contracts, and B directly buys spot (equivalent to 1x leverage).
At the time of opening, the BTC price is 7000 USDT, and the opening value is 1 BTC for both A and B. The Biconomy perpetual contract for BTC/USDT has a contract value of 0.0001 BTC per contract.
7.6 Buy/Long Case Example
Suppose the BTC price rises to 7500 USDT. Let's compare the profit situations for trader A and trader B:
| Product | A - Perpetual Futures | B - Spot |
| Entry Price | 7000 USDT | 7000 USDT |
| Opening Value | 10000 cont.（approximately 1 BTC） | 1 BTC |
| Leverage Ratio | 100 x | 1x（No Leverage） |
| Required Capital | 70 USDT | 7000 USDT |
| Profit | 500 USDT | 500 USDT |
| Rate of Return | 714.28% | 7.14% |
7.7 Sell/Short Case Example
Suppose the BTC price drops to 6500 USDT. Let's compare the profit situations for trader A and trader B:
| Product | A - Perpetual Futures | B - Spot |
| Entry Price | 7000 USDT | 7000 USDT |
| Opening Value | 10000 cont.（approximately 1 BTC） | 1 BTC |
| Leverage Ratio | 100 x | 1x（No Leverage） |
| Required Capital | 70 USDT | 7000 USDT |
| Profit | 500 USDT | - 500 USDT |
| Rate of Return | 714.28% | - 7.14% |
By comparing the above examples, we can see that trader A, using 100x leverage, only used 1% of the margin compared to trader B, yet achieved the same profit. This demonstrates the concept of "small investment, big return".
Reminder
The system defaults to Isolated Margin Mode. You can change to the Cross Margin Mode by clicking the Cross Margin button. Please note that currently, Biconomy perpetual futures allow users to switch from Isolated Margin to Cross Margin, but not from Cross Margin to Isolated Margin.
Disclaimer: This information does not provide advice on investment, taxation, legal, financial, accounting, or any other related services, nor does it constitute advice to purchase, sell, or hold any assets. Biconomy Learn provides information for reference purposes only and does not constitute investment advice. Please ensure you fully understand the risks involved and exercise caution when investing. The platform is not responsible for users' investment decisions.